Friday, September 18
Diversified conglomerate ITC Ltd will invest Rs 20,000 crore in the medium term to expand its manufacturing footprint across sectors, Chairman Sanjiv Puri said on Friday.Speaking at the AGM, he said the company has already set up eight new manufacturing facilities in recent years as part of its growth strategy.Puri said the company will prioritise its 'Bharat First' strategy-focusing on deepening its domestic presence-before making a significant overseas impact. He added that new brand launches are aimed at driving value accretion.Sixty-five per cent of the company's revenue is from non-cigarette business, Puri said.
New Delhi: JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project. According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. "We are proud
